The Greedy Trader Weekly Analysis
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Archive
- 11/2/2018
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iShares MSCI Canada Index
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.48 points, or 1.83%, and closed at 26.74 on Friday, November 02, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was 45% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The uptrend support line (28.10) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 29.61 and reached 25.76 on October 29, 2018. EWC lost 3.85 points, or 13.00%, in 22 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (27.97) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on October 1, 2018 at 29.25 and reached 25.76 on October 29, 2018. EWC lost 3.49 points, or 11.93%, in 28 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.72
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 47.94
Greed/Fear Indicator (GFI) 44.12
Moving Average Converg./Diverg. (MACD) -0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.38
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 21.05
Greed/Fear Indicator (GFI) 30.58
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 30.83
Monthly Trendline Resistance 29.63
Upper Bollinger Band 28.38
Quarterly Trendline Support 28.10
50 Day Moving Average 28.05
Monthly Trendline Support 27.97
20 Day Moving Average 27.04
Price 26.74
Daily Stochastic Crossing 26.46
Weekly Stochastic Crossing 26.20
Parabolic System 25.85
Lower Bollinger Band 25.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 29.25
High Date 10/01/2018
Low 25.76
Low Date 10/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.54
High Date 08/28/2018
Low 25.76
Low Date 10/29/2018
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 29.63
Support 27.97
High 29.61
High Date 05/22/2018
Low 25.76
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Support
Resistance 30.83
Support 28.10
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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